some posters just have their heads in the sand here.
£500 isn’t 125 a week for a start. It’s £115 a week (there are not 4 weeks in a month) so there’s £10 a week wiped out.
DS is coming home at the weekend. It’s the first time he’s ever come home during term time. His return train fare is £90. We will actually pay that but in most cases that sort of thing would need to come out of the budget. He has had to pay a deposit of £400 for his second year accommodation already. He had to pay an accommodation retention payment of £250 when he moved into halls (he’ll get it back hopefully). He had to pay halls subs of £25. He’s in two societies which each cost £30 a year subs. He was ill and needed two prescriptions which was £20.
The reality is that on average students need about £10k a year if they are going to uni. There’s no point pretending otherwise. Those who don’t have that will have less than every child from a low income family. They will not be able to afford to do lots of the things that make going to uni worthwhile.
if parents earn too much for their student offspring to be eligible for more than the minimum amount of loan then the child will need to find roughly £6k a year.
There are only a few options:
- Child works for a year or two before going;
- child lives at home and goes to local university (if there even is one)
- child leaves home (and may then be eligible for full loan but has issue of where they live in the meantime);
- child doesn’t go and gets a job instead which for a significant number of people will be a far better option anyway, saving them up to £60k plus interest in debt.
This is no secret. However we have a generation of parents (myself included) who went to uni under a different system of grants and no tuition fees and so it cones as a shock and far too late for parents to save up the £20k ish top up their kids need over the course of a degree. Most kids will work through the summer but that’s only 10 weeks. It won’t be enough. If parents cannot support their child through uni then they need to realise that the child can’t go or will have to go later and should make the child aware of this at gcse stage.
University isn’t a viable option for everyone anymore. Labour royally fucked it up. We don’t need whole school years going off to uni and coming out and working in £30k careers for life (particularly when skilled labourers are earning at least double that and have no student debt).